Stocks slide as rates threaten economy
Stocks tumbled Friday on fears the U.S. economy could crack under high rates aimed at curbing inflation. The S&P 500 fell 1.8 percent and the Nasdaq composite dropped 2.4 percent, leaving the Nasdaq about 10 percent below its record highs.
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Snapchat Revenue Miss Sparks Shares Slide
The owner of Snapchat posted second quarter revenue that missed analysts' forecasts leading to a sharp stock drop of 26.9 percent and a $9.36 loss.
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Arts Center to appoint interim director as planning continues
Lang said the Lawrence Arts Center will thrive with its people and will appoint an interim director within 30 days. The center, at 940 New Hampshire St with an annex at 1000 Massachusetts St, has expanded into a large outdoor and additional indoor space after purchasing the Salvation Army building. The board will outline criteria for the next long term leader while ensuring staff support during the transition.
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